Only a few days to go before one of the biggest annual festivals, Eid-ul-Fitr, banks this year apparently are in a comfortable position to meet the cash demands of their clients as they are borrowing less from interbank call money market, reports BSS.
The comparatively low demand resulted in decline in the average call rate ahead of Eid this year by 1.0 per cent compared to the call rate in the same period last year.
The latest data from Bangladesh Bank (BB) showed that the highest call rate was 6.0 per cent and the lowest was 5.25 per cent on Tuesday, which were 7.0 per cent and 6.25 per cent accordingly before Eid in 2014.
The state-owned Agrani Bank and Sonali Bank offered the highest 6.0 per cent lending rate on the interbank money market when the US-based Citi Bank NA and local private Southeast Bank offered the lowest 5.25 per cent lending rate.
Pre-Eid call rate declines
FE Team | Published: July 15, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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